HomeSend becomes the first international remittance provider to give users access to Indosat’s 24,000 locations and 60 million users. HomeSend is a joint venture created by MasterCard, eServGlobal and BICS.
HomeSend, eServGlobal and BICS announced an agreement with Indosat to make remittance services available in Indonesia.Through Indosat’s Dompetku Mobile Money platform, users can safely send and receive funds across Indonesia’s largest mobile money network. The HomeSend service enables consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The International Fund of Agricultural Development (IFAD), a specialized agency of the United Nations, estimates that 6.5M Indonesians will send funds to family or friends back home in 2014. The World Bank estimates that in total, $7.5B in remittance payments will be made into Indonesia this year.